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Excerpts from Neuwirth Corporation's comparative balance sheet appear below Cash and cash equivalents Accounts recelvable Inventory Ending Balance $55,000 $42,000 $83,000 Beginning Balance $45,000 $46,000
Excerpts from Neuwirth Corporation's comparative balance sheet appear below Cash and cash equivalents Accounts recelvable Inventory Ending Balance $55,000 $42,000 $83,000 Beginning Balance $45,000 $46,000 $86,000 Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the Indlrect method? O O O O The change in Accounts Receivable is added to net income; The change in Inventory is subtracted from net income The change in Accounts Receivable is subtracted from net income; The change in Inventory is subtracted from net income The change in Accounts Receivable is added to net income: The change in Inventory is added to net income The change in Accounts Receivable is subtracted from net income; The change in Inventory is added to net income
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